San Jose,Calif. - Nearly three monthsafter first announcing the deal, online auction giant eBay (NASD:Â EBAY) said that it hascompleted the sale of a majority stake in its Skype Internet telephone businessto an investment group headed by Silver Lake Partners. Under the deal, theinvestor group -- which also included Joltid Limited, the Canada Pension PlanInvestment Board and Andreessen Horowitz -- paid $1.9 billion and a $125million note in exchange for a 70% stake in the unit.
SAN FRANCISCO (Reuters) - EBay Inc EBAY said on Thursday it had completed its sale of its Skype unit, as it had vowed to do before the end of the year.A settlement reached earlier this month over pending litigation involving the web telephone services' founders, eBay and the buyers cleared...
eBay (NSDQ: EBAY) has closed its deal to sell VoIP service Skype for roughly $2.75 billion. The group of buyers—including Joltid Limited, Andreessen Horowitz and others—are paying $1.9 billion in cash up fro...
Discovery Networks has been on our radar screen for some time. We have missed several opportunities to grab the stock and it kept on moving higher. This time we are looking at the news of Oprah’s move as providing significant upside for the network. It is really a big confirmation for the cable operators (We [...]Related posts:
eBay has just announced that it has completed the sale of Skype, valuing the company at $2.75 billion. The investor consortium who is the buying party and will control an approximately 70 percent stake is a group led by Silver Lake and includes Joltid (i.e. the group founded by Skype's founders) and certain affiliated parties, the Canada Pension Plan Investment Board and Andreessen Horowitz.As previously announced, eBay received approximately $1.9 billion in cash and a note from the buyer in the principal amount of $125 million. The company retained an approximately 30 percent equity investment in Skype. The company also purchased senior debt securities with a face value of $50 million as part of a Skype debt financing.
Wal-Mart (WMT) has become more aggressive than ever, looking to take market share (assuming there is viable competition after this move) during this holiday shopping season. Dropping prices on key goods and expanding their product offerings were just the start. Now they have started to slash prices on selected items in an effort to lure [...]Related posts:
I've often argued that if eBay leaves its roots and becomes essentially a fixed-price mall that competed squarely with Amazon, that they may lose that battle. The key is if they can do both - keep the unique and quirky stuff while adding in the fixed-price stuff.[More...]
Last week we had a look at the Johnson Redbook numbers that showed a slowdown in sales. This week we are seeing another rise in the comparative numbers, but strip out autos that could be leftover from the cash-for-clunkers. Of course some is the demand from Asia.The first chart shows just how much the inclusion [...]Related posts:
Discovery Networks has been on our radar screen for some time. We have missed several opportunities to grab the stock and it kept on moving higher. This time we are looking at the news of Oprah’s move as providing significant upside for the network. It is really a big confirmation for the cable operators (We [...]Related posts:
Wal-Mart (WMT) has become more aggressive than ever, looking to take market share (assuming there is viable competition after this move) during this holiday shopping season. Dropping prices on key goods and expanding their product offerings were just the start. Now they have started to slash prices on selected items in an effort to lure [...]Related posts:
Last week we had a look at the Johnson Redbook numbers that showed a slowdown in sales. This week we are seeing another rise in the comparative numbers, but strip out autos that could be leftover from the cash-for-clunkers. Of course some is the demand from Asia.The first chart shows just how much the inclusion [...]Related posts:
The internet is everywhere and we are so connected that it would be a horror not to travel without a laptop or other form of device that could have me access email whenever I got the urge. Crackberrys, iPhones and netbooks. Now, Dan Lyons of Newsweek is stirring up the debate as to whether we [...]Related posts:
We are regularly watching the trends in the retail sector. It has been a real treat to watch as these companies are on the front line with the consumer. What we are noticing is the continued shift by the consumer.There was a mixed bag of results from the retailers and some of the apparel manufactures [...]Related posts:
